KAMLESHBHAI BALDEVBHAI PATEL,KALOL vs. THE ITO, WARD-1, MEHSANA

In the result, the appeal of the assessee is partly allowed

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2013-14

section 80C of the Act was also applicable in assessee’s case. The assessee has not disclosed any capital gain

KETANKUMAR THAKORBHAI PATEL,ANAND vs. THE ITO, WARD-1 PREVIOUSLY WARD-3,, ANAND

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2011-12

capital gain as the same has been added in the returned income without application of mind. I.T.A No. 2152/Ahd/2025 Ketankumar Thakorbhai Patel, A.Y. 2011-12 2. The Learned CIT-Appeals, (NFAC) has erred in law and facts in confirming the addition of Rs. 75,000/- claimed as deduction under section 80C

M S HOSTEL,NEW SAMA SAVLI ROAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(3), VADODARA, AAYAKAR BHAVAN, VADODARA

In the result, appeal preferred by the assessee is allowed

Bench: Smt. Annapurna Gupta & Ms. Madhumita Roy

gains of business or profession." Thus, the basic and foremost requirement of allowability of any expense it should be incurred wholly and exclusively for the purpose of business and should not be in nature of capital or personal expenditure. 1. Secondly, the provisions of section 40A speaks about non allowability of expenses or payments in certain circumstances. Sub-section